News

O2 Investment Partners (www.o2investment.com) is pleased to announce that Flip Electronics (www.flipelectronics.com), an authorized specialty distributor of obsolete electronic components to customers across the U.S. and internationally, has named Todd McAtee as Global Chief Revenue Officer. Mr. McAtee will lead Flip’s sales organization and oversee the Company’s global sales and marketing strategy.

O2 Investment Partners, LP (“O2” or the “Firm”) — a private equity firm investing in growth-oriented, privately-held businesses in the North American lower middle market — announces the final closing of O2 Investment Partners Fund V (“Fund V”) with $670 million in capital commitments. Metric Point Capital (“Metric Point”) served as exclusive advisor for the fundraise. Kirkland & Ellis LLP provided legal counsel.

O2 Investment Partners (www.o2investment.com) is pleased to announce that Flip Electronics (www.flipelectronics.com), an authorized specialty distributor of obsolete electronic components to customers across the U.S. and internationally, has added David Kalinske to its Board of Directors to assist the business in achieving its growth plans.

O2 Investment Partners (www.o2investment.com) is pleased to announce that Straightaway Tire & Auto (www.gostraightaway.com), a leading independent, full-service aftermarket automotive repair and service platform, has acquired Silverlake Automotive, a five-location automotive repair brand. Silverlake currently serves the Coeur d’Alene, Idaho market with active growth plans to expand into both Spokane, Washington & broader Idaho.

O2 Investment Partners (www.o2investment.com) is excited to announce the promotion of Thomas Girdler to Vice President. Luke Plumpton, O2’s Managing Partner, commented: “I am delighted to announce the promotion of Thomas to Vice President, a testament to his performance and dedication.

O2 Investment Partners (www.o2investment.com) is pleased to announce that 4M Building Solutions, a leading commercial cleaning and janitorial services business, has appointed Leonard Carder as its new Chief Executive Officer to lead the business through its next phase of growth and development. Carder succeeds Tim Murch, who will remain in an advisory role and continue to assist in the firm’s successful growth initiatives.

O2 Investment Partners is pleased to announce that through its pool care platform Azureon, it has made an investment in and partnered with Precision Pool & Spa (“Precision”), a Fairport, NY based company (www.precisionpoolandspa.com). Terms of the investment were not disclosed.

Harley Exteriors (www.harleyexteriors.com), a premier provider of residential renovation services in the Pacific Northwest, and portfolio company of O2 Investment Partners, L,P, (www.o2investment.com), announced today that it has partnered with Custom Remodelers, Inc. (www.customremodelersinc.com).

O2 Investment Partners (www.o2investment.com) announced today the appointment of Alec Norman as the firm’s newest Associate. Luke Plumpton announced the addition saying, “On behalf of O2, it is my pleasure to welcome Alec to the firm. Alec’s background in transaction analysis and execution will be a valuable resource. We look forward to him making an immediate impact on our portfolio while assessing new investment opportunities.”

Xobee Networks, Inc. (“Xobee” or the “Company”) (www.xobee.com), a leading full-service managed IT and cloud services provider and a portfolio company of O2 Investment Partners (www.o2investment.com), announced today that it has partnered with Telco Business Solutions (“Telco”) (www.telcobusinesssolutions.com).